openPR Logo
Press release

Electric Bikes/E-Bikes Market Projected Growth US$ 78.43 Billion by 2032, with 5.2% CAGR During 2024-2032

Electric Bikes/E-Bikes Market

Electric Bikes/E-Bikes Market

The surging environmental concerns owing to rising carbon emissions have resulted in increased adoption of eco-friendly commute solutions like e-bikes, propelling the industry forward. By product analysis, the pedal-assisted segment witnessed the largest market share. By region analysis, the Asia Pacific region dominated the market with the largest revenue share.

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐จ๐ฎ๐ซ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/electric-bikes-ebikes-market/request-for-sample

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐š๐ซ๐ญ๐ข๐œ๐ข๐ฉ๐š๐ง๐ญ๐ฌ:
The electric bikes/e-bikes market key players are actively focused on making investments in R&D initiatives to introduce new products in the market.
Besides, these players indulge in strategic developments to garner a larger revenue share.

๐€๐ฆ๐จ๐ง๐  ๐ญ๐ก๐ž ๐ค๐ž๐ฒ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฉ๐š๐ซ๐ญ๐ข๐œ๐ข๐ฉ๐š๐ง๐ญ๐ฌ ๐จ๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐  ๐ž-๐›๐ข๐ค๐ž๐ฌ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž:
โ€ข Accell Group
โ€ข Bionx International Corporation
โ€ข Derby Cycle
โ€ข Fuji-ta Bicycle Co., Ltd.
โ€ข Giant Bicycles
โ€ข Giant Manufacturing Co., Ltd.
โ€ข Jiangsu Xinri E-Vehicle Co. Ltd.
โ€ข Mahindra & Mahindra Limited
โ€ข Panasonic Corporation
โ€ข Pedego Electric Bikes
โ€ข Prodeco Technologies LLC
โ€ข Rad Power Bikes
โ€ข Robert Bosch GmbH
โ€ข Shimano Inc.
โ€ข Tianjin Golden Wheel Group Co., Ltd.
โ€ข Trek Bicycle Corporation, VanMoof,
โ€ข Yamaha Motor Co. Ltd.

๐๐ฎ๐ฒ ๐“๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ: https://www.polarismarketresearch.com/buy/160/2

๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐€๐๐๐ซ๐ž๐ฌ๐ฌ๐ž๐ฌ:
โ€ข The global electric bikes/e-bikes market size was valued at USD 49.70 billion in 2023 and is projected to grow to USD 78.43 billion by 2032.

โ€ข The industry is projected to grow at a CAGR of 5.2% during the forecast period from 2024 to 2032.

โ€ข The market segmentation is primarily based on product, battery type, usage, drive mechanism, and region.

โ€ข The major regions covered in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:
An electric bike or e-bike is a motorized bicycle that comes with an integrated electric motor and battery. The electric motor drive mechanism generates power that causes or assists in propulsion. Electric bikes are known to be a flexible and versatile way of transport. They're often perceived as an ideal substitute for smart cars, scooters, and public transport. Owing to their compact size, electric bikes help reduce traffic congestion. Also, it is possible to attain higher speeds with less effort when using e-bikes. There are several types of e-bikes on the market, ranging from electric bikes that come with a small motor to assist the rider's power pedal to more powerful bikes that develop the power to drive the bike completely.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ:
โ€ข The industry growth is being primarily propelled by rising federal subsidies for electronic bikes/e-bikes sales and the development of alternatives to gasoline-operated vehicles.

โ€ข Rising technological advancements in the development of e-bikes and the growing entrance of motorbike manufacturers propel the industry forward.

Furthermore, the capability of e-bikes to help with logistical mobility issues supports the expansion of the electric bikes/e-bikes market.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐„๐ฏ๐ž๐ซ๐ฒ ๐ƒ๐ž๐ญ๐š๐ข๐ฅ ๐จ๐Ÿ ๐Ž๐ฎ๐ซ ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.polarismarketresearch.com/industry-analysis/electric-bikes-ebikes-market

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:
๐ˆ๐ง๐Ÿ๐ซ๐š๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐ž ๐‹๐ข๐ฆ๐ข๐ญ๐š๐ญ๐ข๐จ๐ง๐ฌ: The lack of dedicated bike lanes, charging stations, and secure parking facilities in many regions poses obstacles to widespread E-Bike adoption.

๐’๐š๐Ÿ๐ž๐ญ๐ฒ ๐‚๐จ๐ง๐œ๐ž๐ซ๐ง๐ฌ: As the number of electric bikes on roads increases, ensuring the safety of riders and pedestrians becomes paramount. Effective regulations, education campaigns, and infrastructure improvements are needed to mitigate safety risks associated with electric bike usage.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐…๐ซ๐š๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง: The electric bike market is highly fragmented, with numerous manufacturers, brands, and models competing for market share. Consolidation and standardization efforts could help streamline the industry and improve consumer confidence.

๐…๐ฎ๐ญ๐ฎ๐ซ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:
The electric bike market is poised for continued growth and innovation, driven by factors such as urbanization, environmental awareness, technological progress, and supportive government policies. As E-Bikes become an integral part of the urban mobility landscape, they have the potential to reshape transportation systems, improve air quality, and promote healthier, more sustainable communities worldwide.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Ž๐ฎ๐ซ ๐“๐จ๐ฉ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ
๐‹๐ฎ๐›๐ซ๐ข๐œ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/lubricants-market

๐„๐ง๐ณ๐ฒ๐ฆ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/enzymes-market

๐ˆ๐ง๐ฃ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ฅ๐๐ž๐ ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/injection-molded-plastic-market

๐๐ž๐ญ๐ซ๐จ๐œ๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/petrochemicals-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐‹๐ž๐ง๐ฌ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/contact-lenses-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Electric Bikes/E-Bikes Market Projected Growth US$ 78.43 Billion by 2032, with 5.2% CAGR During 2024-2032 here

News-ID: 3507994 • Views: โ€ฆ

More Releases from Polaris Market Research & Consulting

Population Health Management Market Predicted to Reach US$ 74.91 Billion by 2030 | CAGR: 13.5%
Population Health Management Market Predicted to Reach US$ 74.91 Billion by 2030 โ€ฆ
๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ: Population health management is a sub-branch of the healthcare industry that helps in tracking the wellbeing of patients across the global population. It aims to subjugate any risks or problems that might arise during the care of a patient in and out of healthcare settings. It is a solution centric approach to patient care, mitigating any obstacles that might arise during the health care of the patient. Population healthโ€ฆ
Bio-lubricants Market Growth to Hit US$ 3.05 Billion by 2030 with an Impressive CAGR: 4.1%
Bio-lubricants Market Growth to Hit US$ 3.05 Billion by 2030 with an Impressive โ€ฆ
๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง: Bio-lubricants are lubricants sourced from renewable, biodegradable materials like vegetable oils, animal fats, or synthetic esters. Compared to conventional petroleum-based lubricants, bio-lubricants are eco-friendly and present lower toxicity and biodegradability, reducing environmental harm in the event of spills. Bio lubricants are frequently utilized in vehicles, industrial machines, and farming equipment. They offer efficient lubrication and foster sustainability while decreasing dependence on fossil fuels. They also help minimize wear andโ€ฆ
Advanced Lead Acid Battery Market Size to Grow to US$ 37.72 Billion by 2030 with a CAGR of 6.5%
Advanced Lead Acid Battery Market Size to Grow to US$ 37.72 Billion by 2030 with โ€ฆ
๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง: An improved lead-acid battery is a rechargeable battery that enhances conventional lead-acid technology. It includes advancements like refined plate design, superior electrolyte formulation, and enhanced battery management systems to boost efficiency, lifespan, and performance. These batteries provide increased energy density, quicker charging periods, and enhanced reliability compared to traditional lead-acid batteries. They are frequently utilized in automotive, renewable energy storage, and backup power scenarios. ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ ๐‹๐ž๐š๐ ๐€๐œ๐ข๐ ๐๐š๐ญ๐ญ๐ž๐ซ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ,โ€ฆ
Active Electronic Components Market Predicted to Hit US$ 708.54 Billion Growing at 6.9% CAGR Forecast by 2025-2034
Active Electronic Components Market Predicted to Hit US$ 708.54 Billion Growing โ€ฆ
๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ญ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ข๐จ๐ง: Active electronic components are devices that require an external power source to work. They can amplify signals, control the flow of current, or switch the flow of electricity when active components are used in applications that require signal amplification, applications that require switching, and applications that require modulation. Active components require an external power source to operate. They can control the flow of electricity in a circuit, amplify signalsโ€ฆ

All 5 Releases


More Releases for Bikes

BMX Bikes Market to See Huge Growth by 2026 | Haro Bikes, GT Bicycles, Redline B โ€ฆ
The Latest Released BMX Bikes Market, Outlook and Forecast market study has evaluated the future growth potential of BMX Bikes Market, Global Outlook and Forecast market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analysesโ€ฆ
Electric Cargo Bike Market Top Key Players - Rad Power Bikes, Yuba Bikes, Surly, โ€ฆ
The number of cargoes transported via CEP (Courier, Express, and Parcel) services has increased significantly over the last few years. Many consumers buy in the hope that they will receive the item online immediately, and one or more of the 10 items will be returned to the retail store. Delivery trips, primarily operated by diesel vehicles, increase traffic congestion and air pollution, especially in cities. The current issue isโ€ฆ
water bikes market, global water bikes market, water bikes industry, water bike โ€ฆ
Prominent water bike manufacturers are focussing on product innovations for experience of the consumer and for that, strategic analysis, collaborations and mergers, joint acquisitions, product launched are done by these manufacturers for taking care of their leading positions in the water bikes industry. Key Developments in Water Bikes Industry In January 2020, Worldโ€™s first hydro e-bike named as Hydrofoiler-XE1 by Manta 5 was launched. The bike doesnโ€™t have wheels and instead itโ€ฆ
Junior Bikes Market Trend Guide by 2025 - Focusing Top Players like Schwinn Bicy โ€ฆ
The research report presents a comprehensive assessment of the Junior Bikes Market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information categorized such as market segments, geographies, type of product and deal landscapes during 2019-2025. Request Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/67374 Junior Bikes Marketโ€ฆ
Kids' Bikes Market 2019 โ€“ 2025 Sharing with Major Leading Industries Trek Bike โ€ฆ
UpMarketResearch offers a latest published report on โ€œGlobal Kids' Bikes Market Analysis and Forecastโ€ delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Get Exclusive FREE Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/49378 Kids' Bikes Market research report delivers a close watch on leading competitors with strategic analysis,โ€ฆ
Kid's Bikes Market Size, Sales, Revenue, Market Share and Forecast to 2025 | Tre โ€ฆ
Kid's Bikes Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation andโ€ฆ